Registry

Module Specifications

Current Academic Year 2012 - 2013
Please note that this information is subject to change.

Module Title
Module Code
School
Online Module Resources

Module Co-ordinatorSemester 1: Claire Kearney
Semester 2: Claire Kearney
Autumn: Claire Kearney
NFQ level 9 Credit Rating
Pre-requisite None
Co-requisite None
Compatibles None
Incompatibles None
Description
This module will develop students’ knowledge of the tools and techniques of understanding how sustainable projects get financed. This will include detailed analysis of project finance structures, risk allocation, and contract structures. Students will develop their knowledge of the critically-important project finance market, and place the challenges in financing sustainability in context.

Learning Outcomes
1. 1. Critically evaluate types of project finance structures deployed by governments,financial and non-financial organisations
2. 2. Evaluate structuring arguments for and against risk allocation to project parties
3. 3. Critique methodologies for financial evaluation of project, introduction to financial modelling, financial ratios and other key financial tools
4. 4. Summarise the sustainable/renewable energy financing market - total market size, breakdown of funding types, key countries and project types
5. 5. Explain the diverse sources of finance and applications, including project finance, corporate debt,private equity/venture capital, public sector - grants; EU funding and the EU project bonds initiative



Workload Full-time hours per semester
Type Hours Description
Lecture48The lecturer will present the esential ideas and core concepts pointing students towards resources where they can get further information
Independent learning72Preparation for, and reading after lectures
Group work50Group work on topics assigned by the lecturer
Assignment80Individual work on topics agreed with the lecturer
Total Workload: 250

All module information is indicative and subject to change. For further information,students are advised to refer to the University's Marks and Standards and Programme Specific Regulations at: http://www.dcu.ie/registry/examinations/index.shtml

Indicative Content and Learning Activities
Sustainable Finance and Legal Market Overview.
Overview of sustainable/renewable energy financing market - total market size, breakdown of funding types and key countries, including an overview of different types of projects being financed in the market eg Wind, Solar, Biomass, Biofuels,LFG,Marine & Energy Effciainecy. Outline of key Irish and EU Legislation and legal framework. Irish and global key risks.

Sources of Finance.
Overview of different sources of finance and applications to sustainable financing - project finance, corporate debt, private equity,venture capital. Public Sector - grants/EU funds/EU project bond initiative, Crabon credits.

Introduction to Project Finance.
Understanding key basic principles and structure of project finance.Key contract and leagl issues. Financial analysis - capital structures, cashflow analysis, project valuations. Standard banking and legal terms and conditions.

Project Finance Structuring.
Analysis of key project risks including goevrnment policy, technology, feedstock and project counterparties etc. Managing prject risk and how it affects the capital structure. Case Studies; Focus on 2/3 transactions(1 project finance; 1 equity finance; 1 other- Public Sector) Outline structures, financing approach etc.

Assessment Breakdown
Continuous Assessment% Examination Weight%
Course Work Breakdown
TypeDescription% of totalAssessment Date
Group assignmentGroup Assignment20%n/a
ProjectIndividual project30%n/a
Reassessment Requirement
Resit arrangements are explained by the following categories;
1 = A resit is available for all components of the module
2 = No resit is available for 100% continuous assessment module
3 = No resit is available for the continuous assessment component
This module is category
Indicative Reading List
  • K.Tang: 2009, A Guide to Carbon Finance:Carbonomics for a Credit Contsrained World, Risk Books,
  • S, Labatt and R, White: 2007, Carbon Finance; The Implications of Climate Change, Wiley,
  • R,A Brealey S,C Myers and F, Allen: 2011, Principles of Corporate Finance, 10th, Mc Graw Hill,
Other Resources
4345, Journal, Energy Economics, 0, 4346, Journal, The Energy Journal, 0, 4347, Journal, The Journal of Energy Markets, 0, 4348, Journal, Ecological Economics, 0, 4349, Journal, Journal of Sustainability and Finance, 0,
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